Adding all the numbers

Once again I was just adding the numbers in the stimulus package of the US Senate.The economics pendulum has swung , and it has swung all the way to the left while staying there. So here goes the math- 1) Money already spent in TARP (Troubled Asset Relief Program) 700 Billion 2) Money promised in Stimulus Package 800 Billion Adults […]

Once again I was just adding the numbers in the stimulus package of the US Senate.The economics pendulum has swung , and it has swung all the way to the left while staying there.

So here goes the math-

1) Money already spent in TARP (Troubled Asset Relief Program)

700 Billion

2) Money promised in Stimulus Package

800 Billion

Adults in the United States – =306-82=224 Million

Excluding the top 10 % , we have 200 million Americans qualifying for direct tax or indirect stimulus and stimuli.

What is wrong with this math ? Why does this number seem so low even though people /senators complain about pigs with lipsticks and pork barrel etc.

Why does the new CHANGED administration need approval for ALL 700 million ( i MEAN billion) at once ………………rather than say how about taking it 100 billion at a time.

Mortgage Relief

If instead of the usual 30 year mortgage loan, banks were told to increase loan tenure to 45 years , where 50 % defaults would be insured by the TARP after the first 20 billions of defaults- this can help bring DOWN the EMIs to say without costing anyone for healthier mortgage holders ( assume 80%)- thus giving a tax relief which is paid by the people themselves.

The Law

In eight years , the US managed to lose trillions of dollars in financial and economic crisis. Why don’t we see any lawsuits ? ( psst– Because all the US lawyers are all reclaiming houses and doing middle class bankruptcies . When not running for President .)